Visa's New Chargeback Process: Will it Work?

THIS AD HAS EXPIRED ! - Visa went first, announcing several merchant-friendly changes. Visa also laid out two major changes to chargebacks. The goal was to reign in the friendly fraud and the volume of chargebacks merchants have to deal with. Beginning July 22, 2016, chargebacks for counterfeit fraud for transactions under $25 will be blocked – meaning issuers will have the liability for this fraud and have to credit the Cardholder. This is a temporary change though that is said to expire in April 2018. Get more information visit website – www.merchantstronghold.com